May 19 (Reuters) -
* Samco Gold signs agreement with Yamana Gold Inc for sale
of Corina property and discontinuance of legal action;
terminates participation and option agreement
* Total consideration payable by Yamana in connection with
above transactions including purchase of Corina property is US$4
million
* Yamana agreement provides that on June 16, 2016 Corina
property will be acquired by Yamana, conditional on prior due
diligence by Yamana
* Yamana entitled to receive reimbursement of at least $1
million from termination payments Samco receives from
termination of P&O agreement
* Has terminated participation and option agreement with
Ricardo A. Auriemma dated January 10, 2014
Source text for Eikon: ID:nCCN8Tmn96
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